Quote:
Originally posted by cantdrv55
I caught a few minutes of CNBC while having breakfast this morning. Seems Ted Turner is making big moves in the solar power industry. Cost per watt is running at about $4 but will need to be down at around $1 to be competitive w/traditional power. Turner thinks solar is going to be the way to go and is making moves into lowering cost per watt somehow. He is investing lots in it.
The folks who are making the material that go into bullet proof vests for our troops are expanding their ceramics manufacturing that supports the solar industry.
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Maybe it will go as well as his investments in buffalo meat?
I expect that Turner is counting on the government subsidies/tax credits (and the likely "carbon-credits" crap that is going to be forced onto U.S. businesses) for a good return on his investments.
With the tax credits offered right now, it can make sense for some businesses to install solar power systems. There are potentials for investment and good returns on solar, but there will be a whole lot of "scammish" investment "opportunities" for the "sky-is-falling, let's-blame-the-witches, CO2-is-causing-global-warming" ignorant masses to lose their money in! I'm sure Turner will be right on top of things ready to make money; the public is "ripe" for harvesting.